Finance Fact Library

Private Pensions

Tax relief on pension contributions, tax-free lump sums and the age you can take a private pension.

Minimum Pension Age

The earliest age you can take money from a workplace or personal pension without a tax charge, and the rise due in April 2028.

Pension Tax Relief

How pension tax relief works, which taxpayers must claim extra relief themselves, what the annual allowance is and when it can be reduced.

Tax-Free Pension Lump Sum

How much of your pension you can take tax-free, and the two lifetime limits on tax-free lump sums that replaced the lifetime allowance.